Corazon Mining (ASX:CZN) ROCE % : -4.72% (As of Dec. 2023)

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What is Corazon Mining ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Corazon Mining's annualized ROCE % for the quarter that ended in Dec. 2023 was -4.72%.

Corazon Mining ROCE % Historical Data

The historical data trend for Corazon Mining's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Corazon Mining ROCE % Chart

Corazon Mining Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-49.39

-14.85

-12.28

-3.75

-16.41

Corazon Mining Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-7.52	-4.35	-3.13	-4.72	-28.07

Corazon Mining ROCE % Calculation

Corazon Mining's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-0.659	/	( ( (18.672 - 0.736)	+	(17.91 - 0.67) )	/ 2 )
	=	-0.659	/	( (17.936	+	17.24)	/ 2 )
	=	-0.659	/	17.588
	=	-3.75 %

Corazon Mining's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-0.808	/	( ( (17.91 - 0.67)	+	(17.156 - 0.167) )	/ 2 )
	=	-0.808	/	( ( 17.24	+	16.989 )	/ 2 )
	=	-0.808	/	17.1145
	=	-4.72 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Corazon Mining (ASX:CZN) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Corazon Mining ROCE % Related Terms

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Corazon Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Corazon Mining Ltd (ASX:CZN) » Definitions » ROCE %

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CRZNF:USA

Address

33 Ord Street, Level 3, West Perth, WA, AUS, 6005

Website

https://www.corazon.com.au

Corazon Mining Ltd explores and develops mineral resources such as nickel, copper, and gold and develops mining activities. The company's projects include the Lynn Lake Nickel-Copper-Sulphide project in Canada, the Mt Gilmore Cobalt-Copper-Gold project in Australia, and the Miriam Nickel-Copper Sulphide Project in Australia. The firm has two reportable segments based on the geographical areas of the mineral resource and exploration activities in Australia and Canada whereas it derives revenue from Australia.

Corazon Mining Headlines

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